The Internet's E-Commerce Is Growing at an Astounding Rate, with Annual

question 64

Multiple Choice

The Internet's e-commerce is growing at an astounding rate, with annual consumer transactions now close to ____ and business-to-business interactions exceeding ____.

• A)$30 billion; $800 billion
• B)$800 billion; $400 billion
• C)$100 billion; $1 trillion
• D)$300 billion; $4 trillion

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Definitions:

Taxes

Necessary financial levies or assorted kinds of dues imposed on an individual by a governmental structure to facilitate government finance and numerous public investments.

Deadweight Loss

A decrease in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.

Tax

Mandatory charges imposed by governments on individuals or entities to fund public services and goods.

Deadweight Loss

An economic inefficiency resulting from a market not reaching equilibrium, where potential gains from trade are not fully realized.